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The variance of a stock portfolio depends on the variances of each individual stock in the portfolio and also the covariances among the stocks in

The variance of a stock portfolio depends on the variances of each individual stock in the portfolio and also the covariances among the stocks in the portfolio. If you have five stocks, how many unique covariances (excluding variances) must you use in order to compute the variance of return on your portfolio? (Recall that the covariance of a stock with itself is the stocks variance.)

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